Wilmington Savings Fund Society FSB Increases Position in United Bankshares, Inc. (NASDAQ:UBSI)

Wilmington Savings Fund Society FSB lifted its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 1,921.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,435 shares of the financial services provider’s stock after purchasing an additional 1,364 shares during the period. Wilmington Savings Fund Society FSB’s holdings in United Bankshares were worth $54,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jane Street Group LLC lifted its position in shares of United Bankshares by 27.2% in the third quarter. Jane Street Group LLC now owns 161,489 shares of the financial services provider’s stock valued at $5,991,000 after acquiring an additional 34,526 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in United Bankshares by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,673,056 shares of the financial services provider’s stock valued at $62,070,000 after purchasing an additional 83,503 shares during the period. BNP Paribas Financial Markets lifted its holdings in United Bankshares by 73.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 50,953 shares of the financial services provider’s stock worth $1,890,000 after purchasing an additional 21,520 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in United Bankshares by 3.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,328 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 427 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in United Bankshares by 9.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 594,819 shares of the financial services provider’s stock valued at $22,068,000 after buying an additional 52,949 shares in the last quarter. Hedge funds and other institutional investors own 70.80% of the company’s stock.

Insider Transactions at United Bankshares

In related news, Director J Paul Mcnamara sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total value of $107,150.00. Following the completion of the sale, the director now owns 63,409 shares in the company, valued at approximately $2,717,709.74. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark R. Nesselroad sold 6,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total value of $234,960.00. Following the transaction, the director now owns 35,424 shares in the company, valued at $1,387,203.84. The trade was a 14.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.66% of the company’s stock.

United Bankshares Stock Up 1.1 %

Shares of NASDAQ UBSI opened at $38.27 on Friday. The company has a market cap of $5.17 billion, a P/E ratio of 13.97 and a beta of 1.02. The firm has a 50-day simple moving average of $38.47 and a two-hundred day simple moving average of $38.36. United Bankshares, Inc. has a 1 year low of $30.68 and a 1 year high of $44.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. During the same quarter in the previous year, the company posted $0.59 earnings per share. Research analysts anticipate that United Bankshares, Inc. will post 2.81 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, January 27th. Stephens reissued an “equal weight” rating and set a $43.00 price objective on shares of United Bankshares in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered their price target on United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a research report on Monday, January 27th.

United Bankshares Company Profile

United Bankshares, Inc, through its subsidiaries, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and NOW accounts.